Summary
Cheniere Energy, Inc. (LNG) filed an 8-K on January 26, 2004, to report on a private placement of its common stock. The company successfully raised capital by selling 1,100,000 shares of common stock at a price of $13.50 per share to accredited investors. This transaction aimed to provide additional funding for the company's operations and strategic initiatives. The private placement, facilitated by T. R. Winston & Co., Inc. as the placement agent, generated gross proceeds from which a 6% fee was paid to the agent. The filing includes a press release detailing this event, providing investors with information about the capital raised and the terms of the placement.
Key Highlights
- 1Cheniere Energy, Inc. completed a private placement of 1,100,000 shares of common stock.
- 2The shares were sold at a price of $13.50 per share.
- 3The private placement targeted and involved accredited investors.
- 4T. R. Winston & Co., Inc. served as the placement agent for this transaction.
- 5A fee of 6% of the gross proceeds was paid to the placement agent.
- 6The company is utilizing this capital infusion for its ongoing operations and strategic growth.
- 7A press release dated January 26, 2004, detailing the private placement is attached as an exhibit.
Frequently Asked Questions
The primary purpose of this 8-K filing was to report Cheniere Energy, Inc.'s completion of a private placement of its common stock and to disclose related information, including the number of shares sold, the price per share, and the involvement of a placement agent.
Cheniere Energy raised gross proceeds by selling 1,100,000 shares at $13.50 per share. The total gross proceeds can be calculated by multiplying these two figures.
The private placement was conducted with certain accredited investors.
T. R. Winston & Co., Inc. acted as Cheniere Energy's placement agent for this private placement. They assisted in facilitating the sale of the shares and received a fee of 6% of the gross proceeds for their services.